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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash Flows from Operating Activities    
Net income (loss) $ 24,633 $ (15,922)
Adjustment to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 9,626 9,028
Deferred taxes 1,066 344
Stock-based compensation expenses 25,275 15,128
Share in loss (gain) of associated company (13) 1
Gain from change in fair value of Warrants (44,027) (12,076)
Transaction costs allocated to Warrants   5,087
Foreign currency re-measurement loss 2,491 861
Changes in operating assets and liabilities:    
Other current assets (6,650) (8,311)
Trade payables 9,538 (468)
Deferred revenue 24 1,862
Accounts receivables (490) 5,560
CA extended to customers (109,422) (189,927)
CA collected from customers 121,990 206,796
Other payables (6,318) 1,407
Other long-term liabilities (3,695) (3,582)
Operating lease right-of-use assets 5,134 4,676
Other assets (288) (3,768)
Net cash provided by operating activities 28,874 16,696
Cash Flows from Investing Activities    
Purchase of property, equipment and software (5,093) (2,044)
Capitalization of internal use software (7,772) (6,646)
Severance pay fund (contributions) distributions, net 481 (423)
Customer funds in transit, net (22,139) 9,396
Net cash provided by (used in) investing activities (34,523) 283
Cash Flows from Financing Activities    
Exercise of options 11,312 16,346
Outstanding operating balances 739,388 287,486
Proceeds from Reverse Recapitalization, net   108,643
Proceeds from PIPE financing, net   280,185
Proceeds from related party facility, net 1,103  
Repayment of long-term debt   (40,025)
Net cash provided by financing activities 751,803 652,635
Effect of exchange rate changes on cash and cash equivalents (2,491) (871)
Net change in cash, cash equivalents, restricted cash and customer funds 743,663 668,743
Cash, cash equivalents, restricted cash and customer funds at beginning of the period 4,838,433 3,413,289
Cash, cash equivalents, restricted cash and customer funds at end of the period $ 5,582,096 $ 4,082,032